Annual Review & Outlook 2013: CoStar Group

The logistics real estate market in the U.S. fought an uphill battle throughout 2012. Tenants, primarily retailers and third-party logistics providers, absorbed approximately 125 million square feet of space, 35 percent less than 2011. Yet demand has been positive for 10 quarters, and 2013 will bring a nearly forgotten challenge for beneficial cargo owners and other users of large warehouses: a lack of quality space.